Bitcoin Volatility is at one of its lowest levels since 2020, right before the bull market. Such slow price action has usually been the calm before the storm.

I don‘t know about you, but I personally just did not watch the BTC price chart since probably over a week now and now while turning back in I just saw that it is at the exact point I left it at. It has been one whole month now since BTC has been trading in the same price range of about $31.2k to $29.7k, with some peeks above and below like right now.

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Very narrow price-range of 5% over one whole month for BTC

BTC has been so stable right now, that we did not see such boring price action since our recent bear market “bottom“ at about $15k and then all the way back to late 2020, during the build-up phase to our historic 2021 bull market.

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Bitcoin Volatility Index, at one of its lowest levels since 2020

Here we also have a visualization of that through the Implied Volatility index of BTC, we are really near multi-year lows of volatility right now. And we all know what comes after no volatility? Yeah, a bunch of volatility at once like the “bursting of pent-up waters into a chasm a thousand fathoms deep“ (Quote by Sun Tzu, Art of War).

So we should all just get ready for an inevitably big move by BTC that will move the whole Crypto market and just looking at the chart with my TA brain, I would say that the top is implying a very typical tower top pattern right now, which is quite bearish and could cause a crash down. Would obviously be happy to be proven wrong, but brace for the worst already.